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04-12-09, 09:55 AM
newsticker.welt.de (http://newsticker.welt.de/?module=smarthouse&id=975085) - WELT ONLINE - 04-Dec-09
(http://newsticker.welt.de/?module=smarthouse&id=975085)Almost 100,000 Move Home To Escape Neighbours From Hell – Santander UK (http://newsticker.welt.de/?module=smarthouse&id=975085)
Almost 100,000 people moved home in the last two years in order to get away from their neighbours, according to new research by Abbey Mortgages(1), which analysed the reasons why people with mortgages move home.
Council of Mortgage Lender figures show that some 680,000 homeowners who have a mortgage, upped sticks and moved in the last two years. The most common reasons being the desire to get higher up the ‘housing ladder’ (1 in 3 movers) and the need for more room (cited by 1 in 5 home movers).
Almost 217,000 people were motivated to move in order to climb up the property ladder, 102,000 to downsize and 108,000 because they had found their dream home.
But not everyone could cite such positive reasons for moving. Indeed over 40,800 people were motivated to move in order to get into their preferred school’s catchment area. Redundancy and financial difficulties pushed 6800 into selling up and moving to a cheaper abode.
Abbey Mortgages’ survey also found that seven per cent of all homeowners are actively looking to move, more than a third of these people said they were being motivated by necessity rather than choice.
Nici Audhlam-Gardiner, Director of Abbey Mortgages, commented: "The saying "love thy neighbour” seems long forgotten as so many of us plan to move each year just to get away from those next door.
"Despite this, people are still moving for positive reasons such as the desire to move up the property ladder or as a result of their dream home coming on to the market. We have seen a fifty per cent increase in the number of people applying for mortgages to buy a new home in recent months compared to the average monthly applications for purchase mortgages for the first half of the year.
"To help those looking to move, we have some excellent tracker deals starting at 2.69 per cent and fixed rate deals available from 3.78 per cent. There is also a 90 per cent LTV first time buyer specials at 5.99 per cent with a £495 fee and lower rates and fee- free deals for our existing current account customers starting from 3.89 per cent for a 2-year fix 75 per cent LTV and a 3-year tracker at 2.99 per cent and 75 per cent LTV.”
Ends
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
(1) Opinium research amongst +2000 UK adults 11th – 14th September 2009
About Us
Santander (SAN.MC, STD.N) is a retail and commercial bank, based in Spain, with operations in more than 40 countries. At the end of 2008, Santander was the largest bank in the euro zone by market capitalization and third in the world by profit.
In the UK, Santander operates three retail businesses – Abbey, Alliance & Leicester who provide competitive bank accounts (http://www.alliance-leicester.co.uk/current-accounts/index.aspx) and personal loans (http://www.alliance-leicester.co.uk/loans/index.aspx) products, and Bradford & Bingley. Together they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 24 million customers.
Abbey, Alliance & Leicester and the savings business of Bradford & Bingley will all become known as Santander by the end of 2010. Abbey and the savings business of Bradford & Bingley will be rebranded from the first quarter of 2010 and Alliance & Leicester will follow later in the year. The move will deliver a significant advantage for customers as they will be able to use any of 1,000 Santander (http://www.santander.co.uk/) branches from early 2010, rising to over 1,300 by the end of 2010. For more information, please visit www.santander.co.uk (http://www.santander.co.uk/)
The Bradford & Bingley logo is a trade mark of Bradford & Bingley plc and is used under licence.
The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 587 7708.
(http://newsticker.welt.de/?module=smarthouse&id=975085)Almost 100,000 Move Home To Escape Neighbours From Hell – Santander UK (http://newsticker.welt.de/?module=smarthouse&id=975085)
Almost 100,000 people moved home in the last two years in order to get away from their neighbours, according to new research by Abbey Mortgages(1), which analysed the reasons why people with mortgages move home.
Council of Mortgage Lender figures show that some 680,000 homeowners who have a mortgage, upped sticks and moved in the last two years. The most common reasons being the desire to get higher up the ‘housing ladder’ (1 in 3 movers) and the need for more room (cited by 1 in 5 home movers).
Almost 217,000 people were motivated to move in order to climb up the property ladder, 102,000 to downsize and 108,000 because they had found their dream home.
But not everyone could cite such positive reasons for moving. Indeed over 40,800 people were motivated to move in order to get into their preferred school’s catchment area. Redundancy and financial difficulties pushed 6800 into selling up and moving to a cheaper abode.
Abbey Mortgages’ survey also found that seven per cent of all homeowners are actively looking to move, more than a third of these people said they were being motivated by necessity rather than choice.
Nici Audhlam-Gardiner, Director of Abbey Mortgages, commented: "The saying "love thy neighbour” seems long forgotten as so many of us plan to move each year just to get away from those next door.
"Despite this, people are still moving for positive reasons such as the desire to move up the property ladder or as a result of their dream home coming on to the market. We have seen a fifty per cent increase in the number of people applying for mortgages to buy a new home in recent months compared to the average monthly applications for purchase mortgages for the first half of the year.
"To help those looking to move, we have some excellent tracker deals starting at 2.69 per cent and fixed rate deals available from 3.78 per cent. There is also a 90 per cent LTV first time buyer specials at 5.99 per cent with a £495 fee and lower rates and fee- free deals for our existing current account customers starting from 3.89 per cent for a 2-year fix 75 per cent LTV and a 3-year tracker at 2.99 per cent and 75 per cent LTV.”
Ends
The information contained in our press releases is intended solely for journalists and should not be used by consumers to make financial decisions.
Notes to Editors
(1) Opinium research amongst +2000 UK adults 11th – 14th September 2009
About Us
Santander (SAN.MC, STD.N) is a retail and commercial bank, based in Spain, with operations in more than 40 countries. At the end of 2008, Santander was the largest bank in the euro zone by market capitalization and third in the world by profit.
In the UK, Santander operates three retail businesses – Abbey, Alliance & Leicester who provide competitive bank accounts (http://www.alliance-leicester.co.uk/current-accounts/index.aspx) and personal loans (http://www.alliance-leicester.co.uk/loans/index.aspx) products, and Bradford & Bingley. Together they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 24 million customers.
Abbey, Alliance & Leicester and the savings business of Bradford & Bingley will all become known as Santander by the end of 2010. Abbey and the savings business of Bradford & Bingley will be rebranded from the first quarter of 2010 and Alliance & Leicester will follow later in the year. The move will deliver a significant advantage for customers as they will be able to use any of 1,000 Santander (http://www.santander.co.uk/) branches from early 2010, rising to over 1,300 by the end of 2010. For more information, please visit www.santander.co.uk (http://www.santander.co.uk/)
The Bradford & Bingley logo is a trade mark of Bradford & Bingley plc and is used under licence.
The press office operates from 8.00am to 6.00pm. Outside of these hours please call 0800 587 7708.